As housing markets in many parts of the country—including New England—have foundered, many developers have opted to convert portions of communities originally intended to be condominiums into rental properties. When a development with n…
Tag: Property management
Small and medium size community associations have many choices when they consider how to manage the day-to-day operations of their properties. Do they keep fees as low as possible and save money by being self-managed? Or find a way to …
How can you tell whether the on-site property manager at a condominium or homeowners association community is doing a good job? And what is “a good job”? Whether a manager is well-liked and whether he or she manages well may not be the …
It’s Murphy’s Law that when a homeowner is on vacation or away for the day, the unexpected happens. A pipe bursts and water starts dripping through the ceiling of the unit below. It’s essential that the management firm gets into the uni…
For most people, nothing is more important than knowing that they and their families are safe and secure in the place they call home. Boards, management and security firms all must work together seamlessly and cohesively to create that…
Like any community, large or small, condominium associations can face a wide array of emergency situations. They may be internal conditions such as fire, water pipe breaks or stuck elevators, or external events such as floods and hurri…
Board members and trustees are volunteers with many responsibilities. They devote time to their association, act as a governing body for the condo and have the powers to control what is permitted to take place and not take place. It’s …
Looking at the balance in an association’s reserve account, a homeowner could easily feel complacent. After all, a quarter-million dollars is a lot of money. Maybe—or maybe not. If the condominium comprises 200 units, is nearin…
It's a problem as old as community associations themselves: How do managers increase interest in the possibility of board service? “You know, it’s very common,” says Lynne Kelly, president of Kelly Property Management in Burlington, Mass…